Cabrillo Coastal General Insurance Agency has launched a flood endorsement for new or existing Safe Harbor Homeowners policies in South Carolina.
The coverage, according to Cabrillo, was built from a different rating structure than the National Flood Insurance Program (NFIP), making flood insurance more available and affordable to customers.
Cabrillo Coastal said the coverage is broader than the NFIP’s coverage and comes with additional features and fewer restrictions common in most private flood insurance offerings. Benefits include dwelling coverage up to the full value of policy limits, losses using only a single deductible, no wait period, and binding in Coastal Barrier Resource areas.
All losses are reinsured, with carriers having an A.M. Best Financial Strength Rating (FSR) of A or better.
Cabrillo Coastal’s also writes homeowners and a mobile homeowners programs in South Carolina. Selling property insurance since 2006, Cabrillo Coastal offers homeowners, mobile homeowners, condominium, dwelling fire, and mobile home dwelling products. Flood coverage is currently available by endorsement on homeowners policies.
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